Recreational Equipment, Inc. (REI) CFO
Kelley Hall and Washington Post CIO Shailesh Prakash join leading
connected home fitness company
Nautilus, Inc. (NYSE:NLS), an innovation leader in personalized
connected home fitness, today announced that Kelley Hall, Senior
Vice President and Chief Financial Officer at Recreational
Equipment, Inc. (REI), and Shailesh Prakash, Chief Information
Officer and Vice President of Digital Product Development at The
Washington Post have been appointed to its Board of Directors
effective October 21, 2021.
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the full release here:
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Nautilus, Inc. appoints Kelley Hall, SVP
and CFO at Recreational Equipment, Inc. (REI) to its board of
directors; veteran finance executive brings deep expertise leading
financial strategy and managing omnichannel ecosystems at several
leading global companies. (Photo: Business Wire)
The appointments of Ms. Hall and Mr. Prakash come at a pivotal
time for the company as it continues its long-term strategic plan.
Ms. Hall brings deep expertise leading financial strategy and
managing omnichannel ecosystems at several leading companies,
including REI, the nation’s largest consumer co-operative. Mr.
Prakash adds strong engineering and digital strategy experience and
has led multiple digital growth transformations, including
transitioning to and leveraging subscription business models.
"We are thrilled to have Kelley and Shailesh join our Board of
Directors," said M. Carl Johnson, III, Chairman of Nautilus, Inc.
"Their strong backgrounds in finance and technology are critical to
further advancing our North Star strategic initiatives and
accelerating the company’s innovation and growth in connected home
fitness. "
About Kelley Hall Ms. Hall is currently the Senior Vice
President and Chief Financial Officer at REI, the nation’s largest
consumer co-operative where she leads the financial planning and
analysis, strategy, sustainability, accounting, treasury, internal
audit, tax, strategic sourcing, and asset protection teams. Prior
to REI, Ms. Hall was Senior Vice President, Chief Accounting
Officer and Treasurer for Nordstrom, Inc. Kelley also spent nine
years at NIKE, Inc. and held various senior finance leadership
positions. Ms. Hall was with Starbucks Corporation from 1994 to
2008 in a variety of finance leadership roles, including several
roles as vice president supporting U.S. retail and corporate
finance. Ms. Hall also serves on the Board of Trustees for the
Seattle Foundation. She received a Bachelor of Arts and a Master of
Business Administration from the University of Washington.
Ms. Hall commented, "I look forward to joining Nautilus' Board
at this exciting time in the company’s evolution and given the vast
opportunity for continued growth as a key player in the connected
home fitness category.”
About Shailesh Prakash Mr. Prakash is currently the Chief
Information Officer and Vice President of Digital Product
Development at The Washington Post, where he is responsible for all
aspects of product development and technology, including web,
mobile, video, print and advertising. Under his leadership, and in
close partnership with the newsroom, The Post has seen tremendous
digital growth. He has also spearheaded the development of Arc XP,
The Post’s fast-growing global software-as-a-service business. This
state-of-the-art digital platform and suite of tools is engineered
to meet the needs of publishers, broadcasters and brands and
currently powers more than 1500 sites in the U.S. and around the
world. Mr. Prakash has an extensive track record in senior
positions spanning multiple industries. He began his career as a
software engineer with several technology companies, including Sun
Microsystems and Netscape, and Microsoft where he was a key member
of the Bing search engine. He holds a Bachelor of Science in
Computer Science from IIT, Mumbai, a Master of Science in Computer
Science from Clemson University, and a Master of Business
Administration from Georgia State University.
Mr. Prakash stated, “I’m thrilled to be joining the Nautilus
Board during this transformational time in the company’s journey as
a leading innovator in connected home fitness, creating inspiring
and motivating experiences for customers across its award-winning
brands.”
About Nautilus, Inc. Nautilus, Inc. (NYSE:NLS) is a
global leader in digitally connected home fitness solutions. The
company’s brand family includes Bowflex®, Nautilus®, Schwinn®, and
JRNY®, its digital fitness platform. With a broad selection of
exercise bikes, cardio equipment, and strength training products,
Nautilus, Inc. empowers healthier living through individualized
connected fitness experiences; and in doing so, envisions building
a healthier world, one person at a time.
Headquartered in Vancouver, Washington, the company’s products
are sold direct to consumer on brand websites and through retail
partners and are available throughout the U.S. and internationally.
Nautilus, Inc. uses the investor relations page of its website
(www.nautilusinc.com/investors) to make information available to
its investors and the market.
This press release includes forward-looking statements
(statements which are not historical facts) within the meaning of
the Private Securities Litigation Reform Act of 1995, including:
projected, targeted or forecasted financial, operating results and
capital expenditures, including but not limited to net sales growth
rates, gross margins, operating expenses, operating margins,
anticipated demand for the Company's new and existing products,
statements regarding the Company's prospects, resources or
capabilities; planned investments, strategic initiatives and the
anticipated or targeted results of such initiatives; the effects of
the COVID-19 pandemic on the Company’s business; and planned
operational initiatives and the anticipated cost-saving results of
such initiatives. All of these forward-looking statements are
subject to risks and uncertainties that may change at any time.
Factors that could cause Nautilus, Inc.’s actual expectations to
differ materially from these forward-looking statements also
include: weaker than expected demand for new or existing products;
our ability to timely acquire inventory that meets our quality
control standards from sole source foreign manufacturers at
acceptable costs; risks associated with current and potential
delays, work stoppages, or supply chain disruptions, including
shipping delays due to the severe shortage of shipping containers;
an inability to pass along or otherwise mitigate the impact of raw
material price increases and other cost pressures, including
unfavorable currency exchange rates and increased shipping costs;
experiencing delays and/or greater than anticipated costs in
connection with launch of new products, entry into new markets, or
strategic initiatives; our ability to hire and retain key
management personnel; changes in consumer fitness trends; changes
in the media consumption habits of our target consumers or the
effectiveness of our media advertising; a decline in consumer
spending due to unfavorable economic conditions; risks related to
the impact on our business of the COVID-19 pandemic or similar
public health crises; softness in the retail marketplace;
availability and timing of capital for financing our strategic
initiatives, including being able to raise capital on favorable
terms or at all; changes in the financial markets, including
changes in credit markets and interest rates that affect our
ability to access those markets on favorable terms and the impact
of any future impairment. Additional assumptions, risks and
uncertainties are described in detail in our registration
statements, reports and other filings with the Securities and
Exchange Commission, including the “Risk Factors” set forth in our
Annual Report on Form 10-K, as supplemented by our quarterly
reports on Form 10-Q. Such filings are available on our website or
at www.sec.gov. You are cautioned that such statements are not
guarantees of future performance and that our actual results may
differ materially from those set forth in the forward-looking
statements. We undertake no obligation to publicly update or revise
forward-looking statements to reflect subsequent developments,
events or circumstances.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211025005049/en/
Media: John Fread Nautilus, Inc. 360-859-5815
jfread@nautilus.com Carey Kerns The
Hoffman Agency 503-754-7975 ckerns@hoffman.com
Investor Relations: John Mills ICR, LLC 646-277-1254
john.mills@ICRinc.com
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